(800) 627 3697 info.eri@erieri.com
Are you working in compensation or HR? See our salary, cost-of-living, and executive pay applications in action. Try our free salary assessor demo.

Banking Collection Clerk Salary
in Chicago, Illinois

$42,908 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 22, 2019

Salary Recap

The average pay for a Banking Collection Clerk is $42,908 a year and $21 an hour in Chicago, Illinois, United States. The average salary range for a Banking Collection Clerk is between $32,345 and $51,683. On average, a High School Degree is the highest level of education for a Banking Collection Clerk. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Receives and processes collection items, such as checks, drafts, and coupons, presented to bank by customers or corresponding banks.
  • Reads letter of instructions accompanying negotiable instruments to determine disposition of items.
  • Computes interest, lists debits and credits, and enters information into computer system.
  • Debits bank account and credits customer's account to liquidate outstanding collections.
Banking Collection Clerk Job Prevalence in Chicago, Illinois, United States

Job family: Bookkeeping, Accounting, and Auditing Clerks

Job family population: 1,532,340

Estimated population of Banking Collection Clerk jobs: 41,021

Rate of error: 0.4%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



Skills data not available for this job

About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Banking Collection Clerk Job Listings for Chicago, Illinois

Accounts Receivable Clerk (Excellent Benefits- Great Culture)
Apr 1
Chicago, IL, USA
Creative Financial Staffing (CFS)
Monitor outstanding customer balance, make collection calls and record findings for management ... Prepare and perform bank deposits. * Assist with filing of A/R batches and backups and pull support ...
Accounts Receivable Clerk
May 6
Elgin, IL, USA
Just In Time Staffing LLC
Audits aged receivables and makes collection calls. Computes and records charges, refunds, cost of ... Reconciles bank statements. Maintains ledgers on all new tooling. Maintains ledgers on all new ...
Accounts Receivable Specialist
May 6
Elgin, IL, USA
Skyline Staffing
The Accounts Receivables Clerk audits aged receivables and makes collection calls. The Accounts ... The Accounts Receivables Clerk reconciles bank statements. The Accounts Receivables Clerk maintains ...
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.

Salaries By Location

Similar Job Titles

Are you an Employer?

Free Salary Assessor Product Demo
Are you an HR Professional?
Try our salary assessor and find out how much you should be paying
Explore our most popular jobs
View our most popular salary searches and other resources